This week I added a new strategy, a Put Ratio Spread (PRS), which is just a CSP with a fully funded Put Debit Spread (PDS) using the same short strikes. The position consists of 1 long strike and 2 lower short strikes, one of which is the CSP. The PDS provides extra profit potential should the underlying fall between the strikes.
Trading Summary
This Weeks Trades
- 2 new PRS's (QQQ, SPY) were sold
Current Open Positions
- 4 CSP positions (QQQ(2), SPY(2))
- 2 PRS position (QQQ, SPY)
- 1 CC position (XLY)
- 3 uncovered 100 share stock positions (ARKK(3))
The following is a summary of this week's trading activity.
New CSP/CC and rolled CSP/CC positions only represent the current option sold. If multiple options have been sold on a CSP or CC position, the full P/L will be reported when the complete position is closed.
* denotes existing open positions that were previously rolled/continued.
New PRS Positions
| Stock | TradeDate | ExpDate | Days | Shrs | Strikes | Margin | Premium | MaxProfit | MaxROI | MaxAROI |
|---|---|---|---|---|---|---|---|---|---|---|
| QQQ | 4/8/2024 | 5/17/2024 | 39 | 100 | 430/420 | $42,000.00 | $130.46 | $1,130.46 | 2.69% | 25.19% |
| SPY | 4/8/2024 | 5/17/2024 | 39 | 100 | 510/500 | $50,000.00 | $120.46 | $1,120.46 | 2.24% | 20.97% |
